Barbara Ehrenreich looks at the dying off of the white working class. As always, I urge you to click the link and read it all: All of this means that the maintenance of white privilege, especially among the least privileged whites, has become more difficult and so, for some, more urgent than ever. Poor whites […]
Category Archive for 'The New Depression'
Economists are talking about recession again. I have a friend who works in the import-export business, and she says her company is hanging by a thread after the Chinese crash.
So things really were better during the Clinton administration , and it really was George Bush who broke the economy for working people: It is a study that might help us understand the rise of Donald Trump as a populist blue collar hero and, at the other extreme, the left-leaning Vermont senator Bernie Sanders in […]
First of all, George Mason is a wingnut school whose economic programs are funded by the usual suspects. The other point (one which Michael Hiltzik hints at but doesn’t address directly) is that the Social Security disability system is not meant to deny eligible claims simply to fit the budgetary wishes of Congress. Either you’re […]
Larry Summers has had an epiphany! Last month, Larry Summers ripped into those arguing that more education is the answer to the country’s rampant inequality. “The core problem is that there aren’t enough jobs,” said the former Treasury Secretary under Bill Clinton and top economics adviser to Barack Obama. “If you help some people, you […]
I’ve seen this so clearly, both in myself and my friends: Long periods of unemployment drain our bank accounts and weaken the economy. New research suggests extended joblessness could also dampen our personalities. And that can make it harder to find more work. A study published this month in the Journal of Applied Psychologyexamined a sample […]
Remember, this movement started with no help (let alone leadership) from the political establishment on the minimum wage organizing, and this certainly wasn’t driven by electoral politics. This was accomplished by the workers themselves and some good old-fashioned organizing, and those organizers who helped pulled it off should be congratulated: BENTONVILLE, Ark. — Wal-Mart Stores […]
I didn’t think so. H/T Ron K.: Around 45,000 suicides each year are attributable to unemployment, according to a survey of 63 countries published in The Lancet Psychiatry on Wednesday. Health watchdogs should regard unemployment as a continuous suicide risk, and not just at times of economic crisis, its authors said. University of Zurich researchers […]
The headline — “Economic plan is a quandary for Clinton ’16” — was provocative. The lede was downright bizarre: With advice from more than 200 policy experts, Hillary Rodham Clinton is trying to answer what has emerged as a central question of her early presidential campaign strategy: how to address the anger about income inequality […]
I was on the porch at the shack with Swamp Rabbit, critiquing Barack Obama’s sixth State of the Union address. Obama turned out to be the embodiment of magical thinking on the part of American liberals, I told the rabbit. It long ago became clear he is the consummate insider, good buddies with Jamie Dimon […]